The Education (School Financial Statements) (Prescribed Particulars etc.) Regulations 1994

Explanatory Note

(This note is not part of the Regulations)

These Regulations revoke and replace for a financial year beginning on or after 1st April 1994 the Education (School Financial Statements) (Prescribed Particulars etc.) Regulations 1993. Those Regulations (except insofar as they impose requirements in respect of section 42(4)(f) to (i) of the Education Reform Act 1988, being provisions repealed by section 275 of the Education Act 1993) continue to apply for the financial year beginning 1st April 1993 and the Education (School Financial Statements) (Prescribed Particulars etc.) Regulations 1990 continue to apply for earlier financial years.

The main changes made by these Regulations are–

(a) as respects Part 1 of a budget statement–

(i) any planned expenditure by a local education authority on inspections under section 9 of the Education (Schools) Act 1992 is required to be shown separately from its planned expenditure on other inspection or advisory services;

(ii) expected amounts of grant in respect of expenditure of the kind referred to in section 11 of the Local Government Act 1966 and local education authority planned expenditure of that kind are required to be shown separately from other grants or grant–assisted expenditure; and

(iii) planned expenditure on museum services is to be aggregated with that on library services and planned expenditure on board and lodging for pupils is to be aggregated with that on clothing grants for pupils;

(b) the requirement to include a summary of each school’s share of expected expenditure in Part 2 of a budget statement is removed consequent on the repeal of section 42(2)(f) to (i) and (5)(b) of the 1988 Act;

(c) as respects outturn statements–

(i) planned expenditure included in Part 1 of an authority’s budget statement is required to be shown adjacent to the corresponding statement of expenditure in Part 1 of its outturn statement;

(ii) the amount of a school’s budget share included in Part 2 of an authority’s budget statement is to be included in Part 2 of its outturn statement; and

(iii) the requirement to state amounts of excepted and excluded expenditure under an authority’s scheme is restricted to amounts which the school’s governing body was authorised under the authority’s scheme for financing schools to spend.

The Regulations make new provision prescribing requirements as to the furnishing of budget and outturn statements to schools maintained by local education authorities, grant–maintained schools and grant–maintained special schools (regulation 8).